BLM hosts first oil and gas lease sale in months – Wyoming Public Media
Last week, the Bureau of Land Management staged its first oil and gas lease sales in months, earning more than $ 8 million from drillers eyeing public lands primarily in New Mexico.
The BLM touts the revenue, but as Reuters reports, the auctions saw average bids well below pre-pandemic levels.
Land in Eddy County, New Mexico, in the Permian Basin attracted the highest bid in the auction per…